File photo: US treasury secretary Scott Bessent US treasury secretary Scott Bessent has accused European countries of refusing Washington’s request to impose secondary tariffs on India and China for purchasing Russian oil, questioning why the United States should bear the burden of pressuring Moscow alone.Speaking to NBC News’ Meet the Press on Sunday, Bessent said…
NEW DELHI: India’s crude import bill surged 46% year-on-year in Sept, while import volumes rose only 7%, as oil prices remained elevated amid concerns over prolonged disruptions to supplies from West Asia.Provisional data compiled by the Petroleum Planning and Analysis Cell (PPAC) showed that India imported 21.7 million tonnes (MT) of crude in Sept, compared…
FMCG price hikes may follow after Diwali as costs climb The festive season may bring cheer to shoppers, but for FMCG companies, rising costs are turning out to be a bitter pill. With prices of key raw materials climbing, companies are struggling to protect their profit margins without making everyday products more expensive for consumers….
Geopolitical cues, earnings, foreign inflows & more to keep Dalal Street busy Stock markets are likely to track quarterly earnings, crude oil prices, foreign investor activity and developments in the Middle East in the holiday-shortened week ahead. Rupee’s movement against the US dollar will also be on investors’ radar, analysts said.Indian markets have risen for…
Oil companies change ethanol recipe The government is changing the way oil companies source ethanol for blending with petrol, with sugar-based raw materials being taken out of the latest procurement tender for 2026-27.State-run oil marketing companies (OMCs) will no longer buy ethanol made from sugarcane juice, sugar syrup and B-heavy molasses under the tender. The…
Top-10 firms add Rs 3.65 lakh crore in mcap A strong week in the stock market added Rs 3.65 lakh crore to the combined market value of nine of India’s top-10 most valued firms. TCS led the gains, followed by Bharti Airtel and Infosys. Larsen & Toubro was the only firm in the group to…
Indian refiners’ fuel exports to the West jump 43% as they keep processing Russian crude Russian crude is finding its way to Western markets through Indian refineries, with countries including the EU, Australia, the US and New Zealand buying oil products worth 1 billion euros ($1.2 billion) in September.Refineries in India, Turkiye and Brunei shipped…
Noel cast the shift as a return to the founders’ purpose MUMBAI: Tata Trusts will put more weight on building institutions directly rather than only funding them, chairman Noel Tata said, as the charitable body’s differences with the Tata Sons board persist.In the Trusts’ FY26 annual report, Noel said the need was “not simply to…
Marco Rubio says US President studying impact of possible tariffs US President Donald Trump has waived key sanctions provisions under the Lindsey O Graham Sanctioning Russia and Iran Act, putting on hold proposed tariffs targeting major buyers of Russian oil and gas, including India and China.Rubio, explaining the decision on Saturday (local time), said that…
Some mid-sized private lenders and public sector banks recorded an expansion in NIM MUMBAI: Private sector banks reported higher profits in the Sept-quarter despite the top three banks seeing pressure on net interest margins (NIM).The FCNR(B) deposits boosted the deposit growth rate to a decadal high and expanded balance sheets, but cost of deposits rose…
